Friday, June 19, 2020
Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
Tyler Tysdal And Robert Hirsch Analyzed If You Can Sell Your Business by Yourself or Do You Need Help
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The Art And Science Of Selling Your Small Business
Today's episode of the podcast, Robert Hirsch Covers The Art And Science Of Promoting Your Company.
Listen to the podcast, enjoy the video, or read the transcript beneath.
Additional Videos From Tyler Tysdal and Robert Hirsch
How Can Recasting My Financials Affect the Value of My Company?
Should I Sell My Company On My Own or do I Need Help?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the selling price of your business? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit of the art, and again, experience goes a long way.
Coming back to the science part of it, some from the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your company generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce company versus a fulfilled by Amazon business, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their business was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank value it? Is it going to be an SBA type company? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is help entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our business and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to help you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
The Art And Science Of Selling Your Small Business
Today's episode of the podcast, Robert Hirsch Covers The Art And Science Of Promoting Your Company.
Listen to the podcast, enjoy the video, or read the transcript beneath.
Additional Videos From Tyler Tysdal and Robert Hirsch
How Can Recasting My Financials Affect the Value of My Company?
Should I Sell My Company On My Own or do I Need Help?
Transcript of Podcast
Probably the most frequently asked question that I get is how do you determine the selling price of your business? And the reality is its part art and part science. I'll go over some of the science, then I'll go over a little bit of the art, and again, experience goes a long way.
Coming back to the science part of it, some from the really easy pieces are are what's your earnings? Earnings is often expressed in EBITDA or your earnings before income tax depreciation and amortization. We convert that into seller's discretionary cash flow for all of our clients. And again, when you're paying your taxes, EBITDA is a game of minimization. The discretionary cash flow is a game of maximization or accurately reflecting all the cash flow that your company generates.
You're also going to have things like industry multiples, and sometimes there's little nuance things like if your e-commerce company versus a fulfilled by Amazon business, you're going to get a really different multiple. So we want to make sure to position it the right way. Some from the other things, industry codes, we had a client and the name of their business was excavation.
Turns out that excavation companies are valued at two to two and a half plus assets. When I say two to two and a half, that's a multiple of earnings. Will construction companies of that size are about four and a half to five. And it turned out that although they started as an excavation company, over 80% of their revenues came as a construction company.
So we repositioned it and that helped the industry code. But whatever we do with all these numbers, we make sure to look at market comparable and what's the market looking like? What are the best sales that we can hang our hat on? How does a bank value it? Is it going to be an SBA type company? And now all of a sudden we're starting to get into the art.
My name's Robert Hirsch, and I'm the founder here at Freedom Factory. All we do is help entrepreneurs sell businesses. That's 100% of our life. When I wake up in the morning, I'm looking at market comps, I'm looking at sales, I'm looking at, okay, how do we maximize the sales price of our business and really work as a partner?
So. Whether you're a physical company that's been around for 20 years or a digital company that's been around for two, we're going to look at all the science and combine it with the art to help you maximize your sales price. Give us a, call it Freedom Factory today. I look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Business Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Monday, June 15, 2020
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
Tyler Tysdal And Robert Hirsch Viewed the Art and Science of Selling Your Business
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Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs to Live the Best Life by Selling Business
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Friday, June 12, 2020
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
Tyler Tysdal And Robert Hirsch Taught Entrepreneurs How to Approach Competitors to Buy Their Business
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Thursday, June 11, 2020
Big Mistakes Sellers Make Before Selling Their Company
Today's episode from the podcast, Robert Hirsch from Freedom Factory, discusses "Big Mistakes Sellers Make Prior to Selling Your business."
Listen to the podcast, watch the video, or read the transcript below.
Additional Videos From Freedom Factory
How to Buy a Business When You Don't Have the Cash
What Are the Types of Company Buyers?
Transcript of Podcast
Hey guys! Robert from Freedom Factory here, and I want to talk about something that comes up a lot when we start working with new sellers, and usually it sounds something like this, should I start a new revenue stream? Should I add a new channel? Should I build an affiliate program before I sell? And while this sounds like a good idea on the surface, in reality, not so much. And the reason for that is twofold. One, when you start a new revenue stream, it's going to burn as inefficiently as possible. And what I mean by that is your customer acquisition cost is going to be the highest and you're not going to add significantly to your bottom line.
Now, most of the time when you sell your company, it's a multiple of earnings. So you want to optimize for earnings. And so let's say for example you could build a new revenue stream, but you're not actually adding a lot of profits. Conversely, you could spend that same time taking your existing revenue stream and for example, let's say you can find an extra $200,000 in profitability through cost cutting on that.
Now that $200,000 in earnings, not only did you make that the first time, but if you sell for five times earnings, that's going to be another million dollars in revenue, or another million dollars in valuation to your business. And ultimately it's these little tips and tricks that make the difference whether you stick the landing or not, you're a business you've worked for years on, and it's the most important asset that you have.
And frankly, sticking the landing is just as important as building and creating a great company. If you have questions about this or anything else, why don't you give us a call it Freedom Factory. We look forward to speaking with you soon.
Thank you so much for watching. Please like and subscribe and we'll see you soon.
Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://www.freedomfactory.com/
https://g.page/freedom-factory-denver
Also, Follow Freedom Factory here
Best Company Brokers - video portfolio
Available on Youtube:
Managing Partners
Learn more about the managing partners, Tyler Tysdal, and Robert Hirsch.
Wednesday, June 10, 2020
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
Tyler Tysdal And Robert Hirsch Outlined How to Stay Involved in Your Business but Sell the Majority
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Tuesday, June 9, 2020
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
Time is the entrepreneurs most precious resource. Spend wisely because you can't get it back. https://tracklix.com/c7h7
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Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
Tyler Tysdal And Robert Hirsch Illustrated How to Sell Your Share of a Business If You Have Other Partners
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Wednesday, June 3, 2020
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
Tyler Tysdal and Robert Hirsch Talk About How Do You Sell Your Business
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Monday, June 1, 2020
How To Start Up A Fitness Centre
The brand name uses shipping, packaging, mail box services, copy, and print services and computer system time rentals for little businesses. It has roughly 6,000 franchises in total. The UPS Store offers in-house financing which covers startup costs, stock, and equipment. It is also in mutual arrangement with 3rd party investors who can give franchisees the funding for start-up costs, devices along with the preliminary franchising cost.
The initial financial investment needed to franchisees differs depending on the location as laid out below, according to the business's website: Traditional Locations: $168,885 - $398,323 Rural Locations: $166,659 - $309,045Store-in-Store Locations: $58,248 - $230,160+ Rural areas typically have lower start-up costs since realty is more affordable in rural areas versus the city or largely populated suburban locations.
Your net worth requirement is $150,000 while the liquid cash requirement is $60,000. The preliminary franchising charge is around $30,000, and there's a continuous royalty fee is 5 percent. The franchisee and his 3-5 staff members will likewise be offered free training that includes training at the head office for 72 hours and onsite training for 80 hours.
Fit Body Boot Camp Best Franchises To Start
It has actually remained in the franchising market in the last 62 years and has more than 10,000 franchising units. For you to certify as a franchisee system manager, you need to have an initialinvestment in between $109,700 and $1,637,700 not consisting of realty - Fit Body Boot Camp. The investment depends upon the size of the dining establishment, location, and the setup of the building.
Low Cost Fitness Franchise Opportunities
Sports Clips began in 1993 now is among the fastest growing franchising brands. It provides services to men and young boys who wish to have hassle-free hairstyling, specifically in the sporting arena. It has over 1,700 franchising units in the U.S. Sports Clips needs franchisees to install an initial investment in between $204,800 and $368,300 and have a net worth of $400,000 or more.
Fit Body Boot Camp has proved incredible progression within the fitness franchise industry. Fit Body Boot Camp is the best business for just about any workout entrepreneur. Nominal fitness equipment is necessary for your Fit Body Boot Camp.Fit Body Boot Camp is The most impressive franchise business to invest in. Call Fit Body Boot Camp to choose a location for you to begin your own weight loss facility.
Furthermore, you must have a preliminary franchising fee of $25,000 up to $59,500. For all created sales, you'll pay the franchisor 6 percent as an ongoing royalty fee. In case you require funding, Sports Clips provides financing alternatives through a 3rd party that can assist with startup costs, inventory, equipment, receivable, and the franchise cost.
Fit Body Boot Camp's franchise opportunity is a formula for success in 2020.
You want to own a business that adds value to people's lives, and you want to do it now! The only problem is figuring out how to make it happen.
Creating a successful business from scratch is a daunting task. So you consider franchise opportunities. But they're expensive too, and the thought of giving away more of your income as you succeed hurts.
If only there was a franchise that had minimal startup costs, marketed itself, and had a raving customer base.
Well, there is: Fit Body Boot Camp (FBBC), the anti-franchise franchise that makes it possible for you to be up and running and profitable in no time.
Continue Reading about fitness franchise opportunities.
The Best Fitness Franchise Opportunity 2020
If you're looking to endeavor into the ice cream market then ending up being a franchisee with the Dairy Queen Business brand is an excellent alternative. Dairy Queen is amongst the leading ice cream production brands in the U.S. and has actually diversified their product offerings to consist of hotdogs, hamburgers, and chicken.
How To Start A Career In Fitness Modeling
You need to have liquid money of $400,000, and your net worth needs to be at least $750,000. The franchise charge is $35,000, and Dairy queen charges a 4% continuous royalty charge along with 5-6% in marketing royalty charges. You should likewise be ready to take 376 hours onsite training and 32 hours training at their headquarters.
If you're interested in offering buffalo-style chicken wings, then there's a well-established brand that you can sign up with called Wingstop Restaurants. Wingstop deals methods on how to make and improve your sales, along with training for you and your personnel. The monetary requirements are greater than many franchises. Wingstop requires a minimum net worth of $1,200,000 million of which $600,000 must be liquid.
There is also a minimum of 3 stores needed for the franchisee to establish. The initial franchising fee could vary from $10,000 to $20,000, however the overall outlay of investment could range from the low end of $340,815 to the luxury of $631,292. Out of all sales you create, 6 percent will be remitted to the franchisor (Fit Body Boot Camp).
How To Fit Your Instagram Profile Picture
Funding is used through third-party sources whereby the proceeds can be utilized for payroll, franchise costs, stock, and devices. Visiting Angels provides a house care franchise financial investment opportunity. The business focuses on caring for senior people. As a franchisor, the brand name has been ranked among the best in all senior care franchises and ranked third in big franchise systems by franchise company evaluation.
The company assists with marketing by advertising online, on T.V., and over the radio, while providing you with house care leads on a monthly basis. Ace Hardware is among the most successful hardware brands in the market and has been franchising considering that 1976 with more than 4,000 franchised systems in seven nations.
Fit Body Boot Camp Franchises You Can Buy
For each unit, the franchisee requires to utilize in between 15 and 25 employees who will be trained onsite for 40 hours and later on go through training at the head office for the exact same period. Ace Hardware uses funding through third-party financing business whereby the loan proceeds can be used for the franchising charge, accounts receivables, stock, and startup costs.
* Email your recommendation's name, address, phone, and email contact details along with your address, phone, and email to referralteam@libtax.com!.?.! and our sales personnel will call you. If the referred individual purchases a franchise and satisfies the conditions of our internal referral requirements consisting of, however not restricted to, conclusion of required trainings, obtaining a legitimate Electronic Filing Recognition Number (" EFIN") from the IRS and opening an office in an authorized area by January 2, 2019, you might be qualified for a recommendation cost in the quantity of$ 3,000. Extra limitations might apply (Fit Body Boot Camp). The franchising information included in this Web website is not meant as a deal to offer a franchise or the solicitation of a deal to purchase a franchise. The following states and provinces control the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York City, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Minnesota state franchise registration number F-4418 and F-3918.
Nevada- The registrant is not an attorney authorized to practice in this State and is forbidden from providing legal advice or legal representation to any individual. All state details offered, consisting of information concerning state resources, was collected from third-party sources. Liberty Tax makes no warranty as to the continued schedule of the state resources listed.
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